{"id":37805,"date":"2026-11-13T10:03:51","date_gmt":"2026-11-13T10:03:51","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-foundation-sells-more-eth-as-price-falls-below-2000-whats-next\/"},"modified":"2026-11-13T10:04:28","modified_gmt":"2026-11-13T10:04:28","slug":"ethereum-foundation-sells-more-eth-as-price-falls-below-2000-whats-next","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-foundation-sells-more-eth-as-price-falls-below-2000-whats-next\/","title":{"rendered":"Ethereum Foundation sells more ETH as price falls below $2,000: What\u2019s next?"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum\u2019s price has fallen below $2,000 as a wallet identified by blockchain analysts as linked to the Ethereum Foundation sold another 2,000 ETH worth approximately $3.87 million, while other large holders made opposing trades.<\/p>\n<div id=\"cn-block-summary-block_8c7d4c5610183daae5102b3d67eeff21\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price fell below $2,000, trading near $1,938 as the cryptocurrency lost approximately 5.3% in 24 hours.<\/li>\n<li>Lookonchain identified an Ethereum Foundation-linked wallet selling another 2,000 ETH worth approximately $3.87 million.<\/li>\n<li>Onchain Lens reported that a whale swapped 16,700 ETH and received $30.94 million in USDT.<\/li>\n<li>Another Ethereum whale bought 10,380 ETH worth $19.91 million despite holding $11.3 million in unrealized losses.<\/li>\n<li>CoinGlass recorded approximately $288 million in ETH liquidations, with long positions accounting for nearly 90%.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>crypto.news price data showed ETH trading near $1,940 at the time of reporting, down approximately 5% in 24 hours. The cryptocurrency had reached $2,050 during the preceding day before touching roughly $1,905. Bitcoin was trading below $69,000 as the cryptocurrency market declined, leaving ETH down nearly 13% over seven days.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Ethereum price drops below $2,000 as liquidations mount<\/strong><\/h2>\n<p>The latest decline followed a period in which Ethereum repeatedly struggled to hold the $2,000 level. On November 12, ETH briefly slipped below $2,000, reaching $1,980 before recovering. Friday\u2019s trading took the price below that level again, with the token moving through the $1,900s.<\/p>\n<p>CoinGlass <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/ETH\" target=\"_blank\">recorded<\/a> approximately $288 million in Ethereum futures liquidations over 24 hours, including around $259 million in long positions. Nearly 90% of the liquidated value came from traders betting on higher prices. Liquidations occur when exchanges close leveraged positions after traders can no longer meet margin requirements.<\/p>\n<p>US spot Ethereum exchange-traded funds have experienced withdrawals as well. Farside Investors <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/farside.co.uk\/eth\/\" target=\"_blank\">recorded<\/a> $144.8 million in net outflows on November 11, including $129.8 million from BlackRock\u2019s ETHA. Preliminary November 12 data showed another $8 million leaving the funds.<\/p>\n<p>The Bureau of Labor Statistics reported a 0.4% increase in US consumer prices for October, in figures released November 10. Prices excluding food and energy rose 0.3% over the month, keeping inflation and Federal Reserve interest-rate expectations in focus.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Ethereum Foundation-linked wallet sells another 2,000 ETH<\/strong><\/h2>\n<p>Blockchain tracker Lookonchain identified an address beginning 0x5CBC as the seller of another 2,000 ETH, valued at approximately $3.87 million. Onchain Lens separately reported that the wallet exchanged the ETH for approximately 3.87 million USDS through CoWSwap.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/hashtag\/EthereumFoundation?src=hash&amp;ref_src=twsrc%5Etfw\">#EthereumFoundation<\/a>-linked wallet (0x5CBC) just dumped another 2,000 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($3.87M)!<\/p>\n<p>Every time <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/hashtag\/EthereumFoundation?src=hash&amp;ref_src=twsrc%5Etfw\">#EthereumFoundation<\/a>-linked wallets dump <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>, the price drops.<\/p>\n<p>Oct 12: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> down 9%.<br \/>Oct 26: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> down 7.7%.<br \/>Nov 10: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> down 10.4%.<\/p>\n<p>Today marks the 4th sale. How much further\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/NICa6RGPdT\">pic.twitter.com\/NICa6RGPdT<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/lookonchain\/status\/2121134430194692597?ref_src=twsrc%5Etfw\">November 13, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Both analytics firms described the address as connected to the Ethereum Foundation. Lookonchain called it the fourth sale it had tracked involving Foundation-linked addresses during the recent decline, citing activity on October 12, October 26 and November 10.<\/p>\n<p>The latest transaction followed other sales from the same wallet. An earlier report on the transfers documented a 1,000 ETH sale worth $2.03 million on November 11, following another 1,000 ETH disposal the previous day. Onchain Lens puts the wallet\u2019s total sales over those three days at 4,000 ETH.<\/p>\n<p>The November 10 sale occurred after a two-week pause in the wallet\u2019s activity. Before those transactions, the same address had sold 2,785 ETH worth approximately $6.42 million on October 26, according to the previous blockchain tracking data.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Ethereum whale swaps 16,700 ETH as another wallet sells<\/strong><\/h2>\n<p>A separate large investor made a much bigger disposal during the downturn. Onchain Lens reported that the address withdrew approximately 8,876 ETH from Aave and swapped 16,700 ETH through CoWSwap, receiving $30.94 million in USDT.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">WHALE DUMPS $32.55M IN ETH, RECEIVES JUST $30.94M<\/p>\n<p>A whale withdrew ~8,876 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> from Aave and swapped 16.7K ETH for USDT via CoWSwap, taking a ~$1.61M hit on the swap.<\/p>\n<p>A month ago, the same whale bought 8,631 ETH (~$23.67M) at an average price of $2,743. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/Nj4w6dIGaq\">pic.twitter.com\/Nj4w6dIGaq<\/a><\/p>\n<p>\u2014 Onchain Lens (@OnchainLens) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/OnchainLens\/status\/2121150029813653986?ref_src=twsrc%5Etfw\">November 13, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The tracker valued the ETH involved at approximately $32.55 million before the exchange, putting the difference between that valuation and the proceeds at around $1.61 million. It said the same investor purchased 8,631 ETH for approximately $23.67 million a month before, at an average price of $2,743 per token.<\/p>\n<p>Another wallet that received 1,500 ETH from Tornado Cash subsequently sold 1,499.5 ETH for roughly $3 million, Lookonchain <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/lookonchain.com\/feeds\/82026\" target=\"_blank\">reported<\/a>. The transaction occurred at an average price of approximately $1,998 per ETH.<\/p>\n<p>On November 12, a separate Ethereum holder reportedly sold 6,532 ETH worth approximately $13.62 million. Lookonchain estimated that the investor incurred a $3.1 million loss on ETH purchased about a month before.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Ethereum whales continue buying despite unrealized losses<\/strong><\/h2>\n<p>Not all large holders were selling. Lookonchain <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.lookonchain.com\/feeds\/82063\" target=\"_blank\">tracked<\/a> a wallet beginning 0x4cee purchasing 10,380 ETH for approximately $19.91 million as prices declined. The same address had previously earned about $3.66 million from trading 10,500 ETH two months before, according to the analytics firm.<\/p>\n<p>Following the latest purchase, Lookonchain estimated that the wallet held 25,498 ETH worth $49.44 million, acquired at an average cost of $2,382 per token. Its unrealized loss stood at approximately $11.3 million based on the market valuation at the time of the update.<\/p>\n<p>Large ETH purchases had already appeared during the week. On November 9, several whale transactions included a $21.55 million acquisition financed through an Aave loan and another purchase worth $19.7 million.<\/p>\n<p>Separately, a wallet that had remained inactive for more than two years withdrew 34,601 ETH worth approximately $73.75 million from Binance on November 9, according to Lookonchain. The transaction involved moving existing tokens off the exchange, not a confirmed new purchase.<\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum\u2019s price has fallen below $2,000 as a wallet identified by blockchain analysts as linked to the Ethereum Foundation sold another 2,000 ETH worth approximately $3.87 million, while other large&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-37805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/37805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=37805"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/37805\/revisions"}],"predecessor-version":[{"id":37806,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/37805\/revisions\/37806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15504"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=37805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=37805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=37805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}